>> Papa John's stock in free fall Monday. Shares of the massive pizza chain fell 8% after the company said it would implement a so called poison pill stock dilusion, a move to prevent John Schnieder from gaining more control of the company. Schnieder resigned as chairman earlier this month over his use of racial slur in an internal conference call and later called the move a mistake.
This is the latest scandal for Schnieder. He resigned as chief executive in December 2017 after criticizing national anthem protests in the NFL. The league then dropped Papa John's as a sponsor in February. One highly rated Wall Street analysts cut his rating on the stock to sell, saying that Papa John's was in a precarious position, as consumers no longer view the company as quote, a trusted brand.